Friday, October 7, 2011

Successful traders in the forex market

Should I trade forex? 
The network is a lot of sites devoted to topics of forex. Quite often you can find reports of people that forex is a scam that money in forex is not real and everything is made specifically to pull money from gullible people.

Here we must pay attention to statistics: a successful Forex traders from the crowd on the strength of 10%. A particularly successful ten percent of those only 1%.

It is not surprising that a large majority of people negatively responds to this form of earnings, as trading in financial markets, as they suffered heavy losses there. They argue that the market is unpredictable, and thus earnings in the market is in itself something like a lottery.



However, there are those who earn their way. They know that despite the fact that the Forex market is a large stochastic component, the market in general is deterministic and subject to certain laws of motion. They also know that the market there are trends that are caused by various economic conditions in the world, what trends do not end until the world economic conditions change, or at least does not appear preconditions for change. They also know that some of the news have a strong influence on the currency market. All these conditions allow them to earn in the market.

What treydry may feel successful?

Let's start with what success in the forex market is considered to traders, who earn 20% or more per year. Why such a modest rate? Well, probably here in the first place we are talking about trade without leverage, ie, with low risk. Second, and not that enough?

Find at least one bank, which will give you a percentage of contribution to national or foreign currency. But the bank will not give up on the trader, who has a 20% rate of profit in the year to trade without leverage. If we add here a reasonable amount of leverage in 1:10, then get quite a good result in a 200% return per year. About this figure and must navigate a newbie. Namely, if a trader has a 10% profit per month, he can consider himself very successful.

The second important point - is the stability of performance. Need to figure in 10% of the profit was from month to month. And it may happen that in one month, 10% and 50% in the next. So, a successful trader may consider himself, only if it earns its 10% stable from month to month for at least one year.

Famous financiers and traders

As for those who amassed his fortune by trading in financial markets, such person is the same, and they are on everyone's lips.

As an example, to pay attention to such a financial figure, as George Soros, who in 1969 became the head of Soros Fund and co-owner "Double Eagle", which later became the famous fund "Quantum". Wide recognition received by the Soros Foundation in 1992. By the time the fund's capital has amounted to about $ 10 billion. September 16, 1992, in a sharp drop in the pound against the German mark in a single day Soros earned nearly a billion dollars.

It is believed that Soros himself planned and carried out this meltdown, although the role of the Soros Foundation in this crash is clearly exaggerated. July 26, 2011 Soros announced the closure of its investment fund, due to changes in U.S. Legislation and paid to depositors of about one billion dollars.

There are also other well-known people related to financial markets, it Uorron Buffett, Alexander Elder, Steve Fossett and others.

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